Married couples with high-value assets might find it more difficult to achieve the dissolution of their union. Their property division process could take more time, and disputes may be aplenty. If you can’t figure out what to do with your valuable assets, you need to seek top-notch solutions.
Getting sound advice from professionals
Being involved in a high-asset divorce requires support from the legal, real estate and financial industries. You may consult these professionals to enhance your strategy:
- Divorce and family law attorney: Legal guidance will help you demand your rightful share and alimony. In addition, an attorney can protect your privacy with a divorce nondisclosure agreement. They may also advise you to reveal all your assets. The law requires full disclosure, or else you could face charges for contempt of court or fraud.
- Real estate appraisers: The value of your assets must be current and correct. Aside from estimating their fair market value, an appraiser can give projections on the appreciation and depreciation of assets.
- Certified public accountants: Your financial statement must be complete and accurate. An accountant must include all your assets and liabilities, along with their correct amounts and corresponding computations. If you think that your spouse is hiding assets, you can raise your concern to a forensic accountant.
- Other finance professionals: You would also need advice on taxes, business matters and investments. Among the people who can be of help are taxation advisers, business analysts and financial planners.
Believe it or not, another person whom you may consult is your soon-to-be ex. If you continue to argue about equitable distribution, you could file for a contested divorce in New Jersey. If your discussions are amicable, you may opt for an uncontested divorce and submit a joint property settlement agreement.
Aiming for what you deserve
As you go through your high net worth divorce, keep in mind that you must get what you deserve. Knowing your rights and worth could give you the confidence to face the proceedings and move forward in life.
